Is reinvesting loan amount taken on FD a good idea ?

POSTED BY aravinda ON January 25, 2015 6:22 pm COMMENTS (2)

I have FD of 1L @8.5 and taken loan on it 1L @ 9.5 and kept the same loan amount in another bank @9.5. Will it benefit anything? thanks

 

2 replies on this article “Is reinvesting loan amount taken on FD a good idea ?”

  1. aravinda says:

    Your suggestion is not to take loan.instead switch over fd from 8.5 to 9.5%?

  2. Hemanth says:

    better close the loan first. then break the first FD and invest it in the 2nd bank where u r getting 9.5% interest.

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